Plan Snapshot
- Plan Sponsor: Olympic Benefits Trust David P Schaffert
- Sponsor EIN: 911543495
- Sponsor Address: PO BOX 1427, OLYMPIA, WA, 98507
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,552
- Total Assets: $167,088
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,552 | $167,088 | $2.6M | $0 |
| 2023 | 2,600 | $215,993 | $2.4M | $0 |
| 2022 | 2,761 | $235,296 | $1.8M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TRUSTEED PLANS SERVICE CORPORATION | Other Service Provider | $62,665 | — | $62,665 |
| JOHN S. CONNIFF PLLC | Other Service Provider | $36,000 | — | $36,000 |
| MILLER KAPLAN ARASE LLP | Auditor | $16,095 | — | $16,095 |
| NORTHWEST MARKETING RESOURCES | Other Service Provider | $13,594 | — | $13,594 |
| LINDLEY & ASSOCIATES | Other Service Provider | $8,402 | — | $8,402 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLER KAPLAN ARASE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $136,756
- Estimated Expense Ratio: 81.847% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $142,460 | — | $65,665 | $24,497 | — |
| 2023 | $128,261 | $15,020 | $64,291 | $12,294 | — |
| 2022 | $128,905 | $15,985 | $57,558 | — | $47,262 |